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                    [ArticleID] => 328110
                    [Title] => PNOC-EC income jumps five-fold to P2.9B in 2005
                    [Summary] => Publicly-listed PNOC Exploration Corp (PNOC-EC) posted a 417-percent  rise in its unaudited consolidated net income of P2.94 billion in 2005, from the 2004 level of P568 million. 


PNOC-EC said the unprecedented improvement in profit was caused by high oil and gas prices and increased production volume of its Malampaya deepwater gas- to-power project.


PNOC-EC holds a 10 percent stake in the $4.5 billion Malampaya project while lead proponents Shell Exploration and Chevron each has 45 percent stake.


                    [DatePublished] => 2006-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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SHELL EXPLORATION AND CHEVRON

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                    [ArticleID] => 328110
                    [Title] => PNOC-EC income jumps five-fold to P2.9B in 2005
                    [Summary] => Publicly-listed PNOC Exploration Corp (PNOC-EC) posted a 417-percent  rise in its unaudited consolidated net income of P2.94 billion in 2005, from the 2004 level of P568 million. 


PNOC-EC said the unprecedented improvement in profit was caused by high oil and gas prices and increased production volume of its Malampaya deepwater gas- to-power project.


PNOC-EC holds a 10 percent stake in the $4.5 billion Malampaya project while lead proponents Shell Exploration and Chevron each has 45 percent stake.


                    [DatePublished] => 2006-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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abtest

PNOC-EC income jumps five-fold to P2.9B in 2005

By Donnabelle L. Gatdula | March 26, 2006 - 12:00am

Publicly-listed PNOC Exploration Corp (PNOC-EC) posted a 417-percent rise in its unaudited consolidated net income of P2.94 billion in 2005, from the 2004 level of P568 million. PNOC-EC said the unprecedented...

Business